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(FreedomWire.org) – In a sign of just how desperate President Joe Biden is for a political victory — any victory — yesterday, he took credit for the recent slight decrease in the price of gasoline consumers are paying at the pump.

A slight decrease that still has the price per gallon at a level most vehicle owners have never paid in their lifetime.

In a tweet Biden said, “folks, as we fight inflation, bringing down gas prices is a big part of the job, and here’s the good news. Gas prices have dropped every day this summer. That’s more than 40 days in a row. We now have 40,000 gas stations in the United States where the price of gas is $3.99 or less. How’d we get the price down? Well, a new report today shows that our plan to take oil out of storage, put it on the market, played a big part. Plus, I’m pressing the oil industry to pump more oil here in the United States, and as the global cost of oil drops, pass the savings on to the consumers. But we have a lot more to do. We’re working with the oil and gas industry to get production up and prices down, even as we stay focused on transitioning to a clean energy economy and I promise you, I’ll continue to do everything I can to bring down gas prices.”

(FreedomWire.org) – Joe Biden has been rapidly depleting the Strategic Petroleum Reserve of oil in order to lower gas prices in the United States or so he says, but 6 million barrels of oil have been sold to Unipec, the trading division of the Chinese state-owned Sinopec. In 2015, BHR, an investment firm partially owned by Hunter Biden bought up a $1.7 billion dollar share of Sinopec, a communist Chinese-controlled company.

The DOE sold four million barrels to Unipec in the fall of 2021, almost six months before Russia’s invasion of Ukraine. That oil sold for $63 dollars a barrel or about eight dollars a barrel less than oil was selling on the open market. If only Joe would be that nice to Americans, but alas, no American oil company has put Hunter on its Board of Directors. What would be happening right now if it were Don Jr. rather than Hunter. The NYT and WaPo would be demanding that President Trump be impeached.

Ben Lieberman, a senior fellow at the Competitive Enterprise Institute said, “I think it takes a bad policy and makes it worse. The idea of tapping into the Strategic Petroleum Reserve rather than maxing out on American drilling was foolish from the start, it’s like taking out a loan instead of going out and earning more money.”

“The Strategic Petroleum Reserve never really was a substitute for that and now to hear that this oil is going to China is problematic because it undercuts their rationale even more,” said Lieberman. “Biden’s policy just shows that he’s not putting American consumers and the American economy first or second or even third.”

(FreedomWire.org) – Independent Vermont Sen. Bernie Sanders lost it Sunday over Democratic West Virginia Sen. Joe Manchin on ABC’s “This Week.”

Sanders cut off “This Week” host Martha Raddatz when she brought Manchin’s refusal to back a key bill for Democrats that covers climate provisions and tax hikes, as seen in a clip shared to Twitter. “Six months ago, I made it clear that you have people like Manchin, Sinema to a lesser degree, who are intentionally sabotaging the president’s agenda, what the American people want, what a majority of us in the Democratic Caucus want. Nothing new about this,” Sanders told Raddatz in the clip.

“And the problem was that we continued to talk Manchin like he was serious. He was not. This is a guy who is a major recipient of fossil fuel money, a guy who has received campaign contributions from 25 Republican billionaires,” Sanders continued in the clip.

Raddatz then played a clip of the West Virginian leader express his deep concerns over inflation in his state, asking Sanders for his reaction.”

“You ask the people of West Virginia whether they want to expand Medicare to cover dental, hearing and eyeglasses; you ask the people of West Virginia whether we should demand that the wealthiest people and large corporations start paying their fair share of taxes,” Sanders argued back, “Ask the people of West Virginia whether or not all people should have health care as a human right, like in every other country on Earth. That’s what they will say. In my humble opinion, you know, Manchin represents the very wealthiest people in this country, not working families in West Virginia or America.”

(FreedomWire.org) – Sen. Josh Hawley (R-Mo.) questioned President Joe Biden’s trip to Saudi Arabia to try to combat high gasoline prices, saying it represents a “change in tone” towards the Muslim monarchy, and that “groveling to these dictators for an increase and begging for oil production is embarrassing.”

According to U.S. intelligence reports and other investigations, the Saudi crown prince, Mohammed bin Salman (MBS), approved a plan to kill Washington Post columnist Jamal Khashoggi. The writer was murdered and dismembered in the Saudi consulate in Istanbul in 2018.

At the U.S. Capitol, Sen. Josh Hawley (R-Mo.) was asked, “Do you think it’s appropriate for President Biden to travel to Saudi Arabia and meet with Mohammed bin Salman, the crown prince?”

Hawley said, “I mean, I guess it’s up to him. I will say that it’s certainly a change in tone from where he was earlier and what he said about the crown prince, and then go groveling to increase oil production is particularly embarrassing.”

“I mean, and for that matter, groveling to these dictators for an increase and begging for oil production is embarrassing,” said the senator.

When campaigning for office in 2020, Biden said, “I guarantee you, we’re going to end fossil fuels.” Once in office, Biden took action to reduce domestic oil production, including revoking the permit for the Keystone XL Pipeline, which was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska.

In March 2022, it was reported that the crown princes of Saudi Arabia and the United Arab Emirates refused to take calls from Biden – calls that likely had to do with securing allies against Russia and ensuring continued access to oil. The crown princes denied these calls due to “unhappiness about Biden’s policies in the region.”

In a July 10 commentary, Biden wrote, “When I meet with Saudi leaders on Friday, my aim will be to strengthen a strategic partnership going forward that’s based on mutual interests and responsibilities, while also holding true to fundamental American values.”

The president also wrote, “My views on human rights are clear and long-standing, and fundamental freedoms are always on the agenda when I travel abroad.”

A response-commentary was published in The Post on July 11, saying, “A grip-and-grin photograph with MBS [Mohammed bin Salman] signals to autocrats everywhere that you can quite literally get away with murdering a journalist as long as you possess a natural resource the United States wants badly enough.”

House Minority Leader Rep. Kevin McCarthy (R-Calif.) tweeted, “Why would President Biden plead for more Saudi Arabian oil when we could be producing more domestic energy right here in America? Our country should be producing more oil by Americans, for Americans.”

(FreedomWire.org) – The Biden administration made clear that it’s not concerned with how high gas prices are affecting everyday Americans.

During a press conference at the NATO summit in Madrid, a New York Times reporter asked President Biden whether he believes a proposal for an oil price cap for Russian exports would help lower prices at the pump. The reporter further wondered how long drivers in the U.S. and abroad can expect “to pay that premium for this war.”

Biden was clear the financial hit Americans are taking at the pump will continue.

“As long as it takes so Russia cannot, in fact, defeat Ukraine and move beyond Ukraine,” he said. 

Biden’s Director of the National Economic Council, Brian Deese doubled down on that position. 

“What do you say to those families that say, ‘listen, we can’t afford to pay $4.85 a gallon for months, if not years?’” CNN asked.

 “This is about the future of the Liberal World Order and we have to stand firm,” Deese replied.

(FreedomWire.org) – As the oil crisis reaches a tipping point, the Biden administration is refusing to renew domestic oil production. White House press secretary Karine Jean-Pierre is claiming the responsibility falls on oil companies, and oil companies have pointed to Biden’s policies and campaign promise to destroy the oil industry.

Americans are facing the highest energy prices seen in decades, with the American Automobile Association (AAA) reporting that the national average price for a gallon of gas stood at almost $5 as of Saturday.

President Joe Biden has responded with a letter telling oil companies to boost production. Yet as the Federalist contributor David Harsanyi recently pointed out, the hypocrisy of that demand is infuriating. 

“You can’t spend decades working to undercut production and campaign on the promise of destroying an industry and then demand it turn on a dime when it’s politically convenient,” he wrote.

He then linked to footage from the 2020 presidential campaign in which Biden could be seen promising to all but cripple the energy industry.

“Number one, no more subsidies for fossil fuel industries,” Biden declared. “No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one.”

Harsanyi also noted how upon taking office, Biden canceled the Keystone XL pipeline and “signed a slew of executive orders prioritizing climate change over energy production, halting oil and natural gas leases on all public lands.”

(FreedomWire.org) – The White House often describes higher prices at the pump as “Putin’s price hike,” but prices were going up steadily after President Joe Biden took office. The price already increased by 55%, rising from a U.S. average of $2.11 when Biden took office to $3.51 the day before Russian President Vladimir Putin decided to invade Ukraine, according to Forbes.

“The ‘Putin’s price hike’ is laughable – and you can tell because no matter how hard they try to advance this particular little bit of propaganda absolutely nobody but White House spokespeople use the word,” John Cochrane, a Hoover Institution senior fellow stated.

“The administration wants to blame anybody but itself for the challenges of the American economy. “Putin’s price hike” is a good talking point because there’s a sliver of truth in it,” said, The President of the American Institute for Economic Research, William Ruger.

The current U.S. average price of gas sits at $4.59 per gallon and prices in California have reached as high as $7.25 per gallon.

“Inflation is the problem. We have more money essentially chasing the same number of goods,” Ruger said. He added that demand bouncing back from the COVID-19 pandemic and a lack of supply to meet the increased demand is the other main factor.

Biden waged an “all-fronts war on oil and gas,” and “virtually every step” his administration took “was the opposite of what needed to be done,” said David Kreutzer, Institute for Energy Research senior economist.

“At least early on in the price run-up, drilling activity was comparatively muted. Cancelled leases, cancelled pipelines, proposed regulations to penalize lenders that financed fossil-energy businesses all dampened production responses that would be putting oil and gas on the market today,” Kreutzer said.

Biden stymied future production of gasoline by canceling the Keystone XL oil pipeline, halting the sales of a drilling area in Alaska and two in the Gulf of Mexico, and banning new oil and gas leasing on public lands.

“This is becoming a pattern – the administration talks about the need for more supply and acts to restrict it,” Frank Macchiarola, the American Petroleum Institute’s senior vice president of policy, economics and regulatory affairs, said in a statement following the administration’s May 11 decision to cancel three offshore lease sales.

Energy Secretary Jennifer Granholm said President Joe Biden is “obsessed” with the issue of high gasoline prices, but said he has limited power to lower prices.

Granholm’s remarks Tuesday came following a tour of a federal Strategic Petroleum Reserve (SPR) facility in Bayou Choctaw, Louisiana. While she suggested he has limited power over pump prices, Biden has ordered three separate SPR releases as pump prices have surged over the last six months, the latest of which he promised would lower prices by up to 35 cents a gallon.

(FreedomWire.org) – Joe Biden may claim that he cares about trying to lower gas prices in America, but his actions are telling a different story. He has come out and revealed that his administration would cancel a vast gas and oil lease located in Alaska. The lease has been pending approval, but it will not go through now that Biden is involved.

The cancellation of the gas lease is a significant blow to American oil. Biden plans to inflate prices so high that no one can afford to drive their gas-powered cars. The Democrat has also canceled several other oil leases that allowed for drilling out in the Gulf of Mexico.

Biden has blamed a lot of different sources for the record-high gas prices. He tried to blame the war with Vladimir Putin for the higher prices. Gas prices had already risen to record heights long before the war started. The president’s plan was to try and find a way to increase domestic supply and production.

But his commitment to such an endeavor was short-lived since he is secretly canceling contracts. The decision to kill all the deals was because there was no interest by anyone in drilling the area. The Gulf of Mexico cancellations was said to be connected to lawsuits and court rulings.

The Washington Post stated, “The Biden administration is poised to let the nationwide offshore drilling program expire next month without a new plan. Barring unexpected action, the current five-year offshore drilling program will lapse at June. Interior cannot hold any new oil and gas lease sales until it has completed a replacement plan.”

Biden plans to drag out the issue until all the leases expire. Americans can then expect high prices well into the next year because of the time it takes for drilling companies to gain access and start bringing up new oil.

Frank Macchiarola is the Senior Vice President of the American Petroleum Institute. He stated that Biden’s decision to cancel the Alaska contract was “another example of the administration’s lack of commitment to oil and gas development in the U.S. The President has spoken about the need for additional supplies in the market, but his administration has failed to take action to match that rhetoric.”

Ever since Biden took office, he tells people what they want to hear and fails to act on his statements. People are urging the president to extend the contracts and approve new ones for another five years.

The oil and gas industry is waiting for any sign that Biden will approve the new leases. The current signal is that he is dragging his feet and refuses to act because he does not have a plan to move forward. He claims to have a plan but refuses to reveal what that plan is all about.

The entire industry will grind to a stop soon if Biden fails to approve new drilling leases. The president is supposed to be a person who looks out for America’s interests. But Biden seems determined to look out for the interests of everyone else in the world. His determination to change the face of energy production and consumption will doom America for years to come.

The Democratic Party is playing a game with the future of America. Their goal to date has been to turn America into another failed socialist country where another evil dictator rules. Joe Biden needs high prices because it puts people on a dependent track to the federal government.

(FreedomWire.org) – On Wednesday, Joe Biden’s Department of Interior (DOI) announced that it would be canceling three significant oil and gas lease sales that would have greatly boosted American energy output.

Axios reports that the move all but confirms that the federal government will not be selling any new oil and gas leases for the remainder of 2022, a sharp reversal from the energy dominant policies of the Trump Administration that saw the United States become energy independent for the first time ever, as well as a major exporter of energy.

The DOI released a statement claiming that the cancelation of the sales was due to “lack of industry interest in leasing in the area,” declaring that it “will not move forward with the proposed Cook Inlet OCS oil and gas lease sale 258,” which would have been off the coast of Alaska. The department also confirmed that “it will not move forward with lease sales 259 and 261 in the Gulf of Mexico region, as a result of delays due to factors including conflicting court rulings that impacted work on these proposed lease sales.”

The alarming move from the DOI comes even as gas prices continue to soar to record highs, primarily as a result of Biden’s “green energy” push to cancel numerous other oil and gas leases across the country. Immediately upon coming to power, one of Biden’s first moves was to cancel the Keystone XL Pipeline from Canada that would have created tens of thousands of jobs, as well as build a stronger energy-based partnership with Canada.

Gas prices have risen even higher following the Russian invasion of Ukraine, although Biden has tried unsuccessfully to blame the entirety of the energy crisis on the war. Biden has also previously voiced his support for lending more oil and gas to European countries so that they are less dependent on Russian energy, although the DOI’s latest decision further reduces the United States’ ability to even produce energy for itself, let alone export energy to other countries.

Far-left environmental activists celebrated the Biden Administration’s decision, with Earthjustice spokesman Drew Caputo claiming, without evidence, that the lease cancelation was “good for the climate, which can’t handle new oil and gas development.” Conversely, Frank Macchiarola of the American Petroleum Institute pointed out that “unfortunately, this is becoming a pattern. The administration talks about the need for more supply and acts to restrict it.”

(FreedomWire.org) – White House Press Secretary Jen Psaki has a new excuse for inflation almost weekly, but her newest claim might be the craziest one yet.

Democrats first blamed the inflation spike on transitory factors. Then they said it was due to supply chain issues.

Then President Joe Biden and White House press secretary Jen Psaki sought to pin inflation on Russian President Vladimir Putin’s decision to invade Ukraine.

They have even blamed oil companies for taking too much profit.

Now, the Democrats’ argument apparently is, “Sure, inflation’s bad, but it’s outside of our control, and Republicans would do no better.”

Last week, the party tweeted, “Republicans still have no plan to fight inflation.”

This latest tactic is built on a talking point Psaki floated in November.

“The president is using every weapon in his arsenal to fight inflation,” she told reporters at the time.

“What are the Republicans putting forward?” Psaki asked. “They’re screaming from a bullhorn. They’re tweeting about it. They have absolutely no plan.”

“What the American people should know and understand is that the president has had a plan to fight the pandemic, to address price increases, to keep the supply chain moving,” the press secretary said.

Republicans warned back in the spring of 2021 that passing the $1.9 trillion American Rescue Plan would be inflationary. The legislation garnered no GOP support because so little of it had to do with directly responding to the pandemic.

According to USA Facts, the bill included over $413.6 billion for stimulus checks, $350 billion for state and local governments, $242.4 billion for enhanced unemployment benefits, $170.5 billion for schools, $88.5 billion for enhanced child tax credits, $87.7 billion for transportation and $21.6 billion for rental and utility assistance payments.

Much of this money was “printed” by the Federal Reserve buying the debt, flowing even more money into the nation’s economy. The amount of the national debt held by the Fed increased from $3.5 trillion prior to the pandemic to $6.1 trillion by the end of last year.

Last fall, Republicans universally opposed Biden’s $1.9 trillion Build Back Better proposal, both because the nation couldn’t afford it and because it would be inflationary.

Democratic Sen. Joe Manchin of West Virginia agreed and, along with Sen. Krysten Sinema of Arizona, blocked the legislation.

Another aspect of the Republican plan was keeping Trump’s pro-energy development policies in place. Under his leadership, the U.S. became the top oil producer in the world in 2018 — for the first time since 1973.

Market watchers have blamed inflation in part on Biden’s energy policies.

In the early days of Biden’s presidency, he signed executive orders under the auspices of addressing climate change that included suspending oil and gas exploration leasing on federal lands and reinstating an Obama-era carbon dioxide emission federal fee on oil-drilling operations, which had been lowered significantly under Trump.

Additionally, the Biden administration shut down oil exploration in the Arctic Wildlife Preserve, limited oil exploration in the National Petroleum Reserve in Alaska and canceled the Keystone XL Pipeline from Canada.

Now, the U.S. is producing over 1 million fewer barrels a day than at its pre-pandemic peak under Trump.

Nonetheless, Biden continued to blame Putin in a Wednesday tweet.

Last month, Republicans introduced the American Energy Independence from Russia Act. Among other provisions, it would immediately approve the Keystone XL Pipeline and restart oil and gas leasing on federal lands and waters.

Psaki and the Democrats  may say Republicans have no plan to address inflation. However, the GOP’s plan is to do pretty much the exact opposite of what the Democrats have done.